 |
|
|
|
|
|
PRIMEDIA
(PTY) LTD signs a funding agreement with MDDA
Primedia
Broadcasting was one of the first broadcast media owners
who committed to support the noble work of the MDDA
(a statutory development agency for promoting, supporting
and ensuring media development and diversity, set up
as a partnership between the South African Government
and major print and broadcasting media companies, in
terms of the MDDA Act No. 14 of 2002) in October 2004
for five years.
The five years which has been a successful period for
the Agency in the pursuit of its mandate led to (amongst
other achievements) more than 235 beneficiaries supported
with about R75m. All of the MDDA achievements over the
last five years are thanks to the Government (whose
valuable support for the Agency through GCIS and the
Presidency has made its work manageable) and the funding
partners of the MDDA [SABC,
Primedia Broadcasting, MNET, Kagiso Broadcasting, MIDI
TV, Media 24, CTP, Independent Newspapers and AVUSA].
Primedia (PTY) LTD has shown confidence in the mandate
and work of the MDDA, became the first one to renew
the agreement which will now commence on the 01st April
2009 for as long as Primedia holds individual commercial
sound broadcasting licences in terms of the Electronic
Communications Act 36 of 2005. The agreement will enable
the Primedia (PTY) LTD to comply with the ICASA Regulation
published on the 10th October 2008, prescribing annual
contributions of licensees to the MDDA or the Universal
Service and Access Fund. Primedia will accordingly contribute
0.2% of its annual turnover, derived from its licence
activities to the MDDA. The Agency will allocate 90%
of this contribution to broadcast media projects and
10% to administrative costs.
The MDDA welcomes this expression of confidence by the
funding partners to the Agencies ability to do its work
in accordance with its mandate, commits to continue
developing and diversifying the media landscape in terms
of the MDDA Act and adhering to the dictates of the
Public Finance and Management Act. We look forward to
renewing our funding agreements with all the other partners,
the print media and the new broadcasting service licensees,
strengthen our relationship and work together towards
ensuring that each and every South African citizen has
access to a choice of a diverse range of media.
Issued by:
Lumko Mtimde, Chief Executive Officer
For further information please contact:
Hariet Mhlanga at (011) 726 3336, www.mdda.org.za
|
|
|
|
|
|
|
|